Funding you earn now, next payment 02:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.222%
Price spread now: Injective against KuCoin+0.054%7-day average −0.176% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.449%−$45 on $10k
+Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.054%, 7d avg −0.176%
=The price spread pays, funding is against you. Injective is 0.231% dearer against KuCoin than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.176%): +$23 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.449% in total) that is about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RENDERUSDTM | 1.8400 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $4.9M | $12.0M | 50x |
| Short | Injective RENDER/USDC PERP | 1.8410 | −0.0344 | pay 0.0043% / 1h | 9m 19s | $6K | $188K | 12x |
KuCoin RENDERUSDTM
Injective RENDER/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$93.21
- Price spread: +0.054% → −0.176%
- $23.07
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$82.16
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 4 min ago; Injective: live order book, 10 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 4 min ago | 2.71 bp | 33.9 bp −$34 | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell Injective live order book, 10 min ago | 32.43 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
RENDER on 21 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERPshort | −0.0344% | 1h | 1.8410 | +0.054% | $6K | $188K | 12x | |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8397 | −0.015% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8415 | +0.082% | $10K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8425 | +0.137% | $266K | $141K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8407 | +0.038% | $12.1M | $45.8M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8400 | 0.000% | $11.8M | $12.9M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8430 | +0.163% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8399 | −0.005% | $566K | $1.1M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8400 | 0.000% | $10.9M | $10.9M | 200x | as long as short |
| KuCoin RENDERUSDTMlong | +0.0100% | 4h | 1.8400 | long leg | $4.9M | $12.0M | 50x |
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8423 | +0.125% | $9.9M | $10.6M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8410 | +0.054% | — | $3.7M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8432 | +0.173% | $227K | $277K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8436 | +0.196% | $46K | $252K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8410 | +0.054% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8412 | +0.068% | $26K | $198K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8520 | +0.652% | $151K | $58K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8447 | +0.255% | $47K | $297K | 5x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8410 | +0.053% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0668% | 1h | 1.8439 | +0.210% | $488K | $1.1M | 50x | as long as short |
| Hyperliquid RENDER | +0.0834% | 1h | 1.8428 | +0.151% | $4.2M | $3.2M | 5x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD
Hyperliquid RENDER